Money in Economic Theory

The term money refer to such commodities which serve the three-fold functions of: a recognised and acceptable medium of exchange; a standard of value or a unit of account; and, a symbol or store of wealth, both the traditional and the modern theories- and controversies about money deal with how effe...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Aluko, Sam
التنسيق: Lecture
اللغة:الإنجليزية
منشور في: Obafemi Awolowo University Press 2013
الموضوعات:
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الوصف
الملخص:The term money refer to such commodities which serve the three-fold functions of: a recognised and acceptable medium of exchange; a standard of value or a unit of account; and, a symbol or store of wealth, both the traditional and the modern theories- and controversies about money deal with how effectively money can or should perform one or all of these three-fold functions. Furthermore, the objects that have performed these three-fold functions have themselves evolved with the development in economic thought and practice.